Bill Ferris
Lunatic Member
Yeah, I thought that was clever of Edwin too, OTB.
Prices.... Going Up!!!
- Thread starter musichal
- Start date
Yeah, I thought that was clever of Edwin too, OTB.
A liquid natural gas export supply terminal in Texas caught fire today.
Supposedly, this will drive our natural gas prices down, short term.
We'll see.
There must be better money in liquefying natural gas and exporting it then providing it in a gaseous state to those of us who heat our homes with it.
Not happy about their profits on my dime (supply and demand) if that is the case.
This is 1 of 7 such plants in the U.S.
I know Europe needs it but....
I never knew that you could ship "natural gas" overseas but now I know:
https://www.ft.com/content/d89b4b3d-1503-4d6f-b83a-9a17b0ec318f
Supposedly, this will drive our natural gas prices down, short term.
We'll see.
There must be better money in liquefying natural gas and exporting it then providing it in a gaseous state to those of us who heat our homes with it.
Not happy about their profits on my dime (supply and demand) if that is the case.
This is 1 of 7 such plants in the U.S.
I know Europe needs it but....
I never knew that you could ship "natural gas" overseas but now I know:
https://www.ft.com/content/d89b4b3d-1503-4d6f-b83a-9a17b0ec318f
Mystic
We're all born mad
So, gasoline in the USA is becoming expensive, but it could be worse: as of 9 June 2022 There are 104 countries with higher gas prices than the US. Below are some of those 104 states, their USD-equivalebt PPG in parenths:
Hong Kong ($11.20)
Norway ($10.61)
Denmark ($10.01)
Greece ($9.19)
Germany ($8.79)
Israel ($8.24)
UK ($8.16)
Spain ($8.12)
France ($8.06)
Ireland ($7.91)
New Zealand ($7.87)
Italy ($7.77)
Ukraine ($6.50)
Canada ($6.49)
South Korea ($5.82)
Brazil ($5.77)
China ($5.49)
Hong Kong ($11.20)
Norway ($10.61)
Denmark ($10.01)
Greece ($9.19)
Germany ($8.79)
Israel ($8.24)
UK ($8.16)
Spain ($8.12)
France ($8.06)
Ireland ($7.91)
New Zealand ($7.87)
Italy ($7.77)
Ukraine ($6.50)
Canada ($6.49)
South Korea ($5.82)
Brazil ($5.77)
China ($5.49)
Mystic
We're all born mad
During the first four months of 2022, Europe has become by far the largest destination for U.S. Liquid National Gas (LNG) exports, accounting for 74% of all U.S. LNG overseas shipments, as compared to 34% of overseas shipments in all of 2021.
Spitfirejoe
Cheap Audio Aficionado
Any idea on how much of those retail prices are from the various taxes involved? I've always wondered...
Mystic
We're all born mad
Europe's needs notwithstanding, they certainly "want" it and as long as they play the game right they'll continue getting it.
invaderzim
Super Member
I wonder how much of that is because they aren’t investing in new drilling; because they can't. Reinvesting usually eats a lot of the profit up for companies.
Imagine the profits that Amazon would be showing if they had to lease all their land and were told there wouldn't likely be any new leases and their current leases were going to be under review. Everything they usually spend on expansion and modernization would suddenly show as profit.
And there is that whole thing where in 2020 they lost a combined $76,000,000,000. Exxon alone lost $22,000,000,000.
Remember when oil prices went negative for awhile?
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Mystic
We're all born mad
In France, the per-liter excise duty on gasoline is (in USD) $3.36, which accounts for approximately 58% of the whole per-liter cost for gasoline. France's per-liter excise duty is the fifth-highest in the European Area. European Area states whose per-liter excise duties are higher than France include Greece, Finland, Italy and Holland (Netherlands). The prize for highest per-liter excise duty on gasoline in Europe goes to Netherlands, whose excise duty, per liter, is 16% higher than that of France.
Per liter, or per gallon?
Mystic
We're all born mad
In that case, I'm confused. In a previous post, you state that the USD-equivilent PPG (I assume that's Price per Gallon), in France, was $8.06. If the per liter excise duty is $3.36, that comes out to $12.70 per gallon. What am I missing?
spicer
Lunatic Member
That was yesterday's price.In that case, I'm confused. In a previous post, you state that the USD-equivilent PPG (I assume that's Price per Gallon), in France, was $8.06. If the per liter excise duty is $3.36, that comes out to $12.70 per gallon. What am I missing?
Einstein2003
Super Member
Mystic
We're all born mad
In that case, I'm confused. In a previous post, you state that the USD-equivilent PPG (I assume that's Price per Gallon), in France, was $8.06. If the per liter excise duty is $3.36, that comes out to $12.70 per gallon. What am I missing?
$3.36 is the portion OF the total $8.06 that accounts for the excise duty, i.e.:
$3.36 = portion of TOTAL PPL (expressed in USD) that is EXCISE DUTY
+
$4.70 = portion of TOTAL PPL (expressed in USD) that is FUEL COST LESS EXCISE DUTY
$8.06 = TOTAL PPL (expressed in USD)
Mystic
We're all born mad
That was yesterday's price.
Today's TOTAL PPL @ France is identical to yesterday ... but it'll likely increase or decrease by day's end.
Mystic
We're all born mad
Not far from the state of things, sadly.
Mystic
We're all born mad
Sounds more like inventory hoarding ... er, measured release of inventory.
